Why are property rates so high in Andheri

The real estate market in Mumbai has been seeing fluctuations during 2014. Property developers have been introducing their new residential projects and offers discount to lure buyers. As an indicated by a review, the annual sale in property market is approximately 60% between October and February. Most of developers tried drawing potential buyers with attractive discounts including free gifts, EMIs, lucky draws and discount on price. Even some offer discount on stamp duty and registration.

Andheri is one of the popular commercial hub and required locations for purchasing property in Mumbai. Majority real estate companies offered exciting offers and discounts on the property. For example, Andheri East offered a festive scheme which offers 10 kg of silver to a buyer who won the lucky draw.

Well developed infrastructure and strategic location are factors fostering the growth of this area. Andheri West is well connected to different parts of Mumbai. This area offers lots of commercial and residential properties. It has been one of the most favored destinations for property buyers and investors. This area offers all luxurious amenities that will buyer require for a comfortable lifestyle.

The international and domestic airport is a plus point of this location. Metro is another factor for increasing property rates. However, this has not affected the demand for properties, particularly, flats in Andheri West.

This area is being one of the most populous suburbs of Mumbai. A railway line separates this location into west and east zones. Both zones have transformed into a prime destination of real estate. The western sector is well known as residential and home of various film studios. Andheri west is more classy compared to eastern sector. A property rates in the western zone are high as compared to last years.

Due to the implementation of New Development Rules, construction work around the western zone reached a halt. But due to increasing growth in infrastructure, Andheri West areas like Link Road, Verosva and Lokhandwala have become as popular as Bandra.

This location is not only the best investment option for residential properties but also commercial properties. If you are looking to take office space on rent, be ready to pay a huge amount because rental rates in this area are very high. According to view of Industry experts, high demand of rental properties is a few opportunities of improvement in rentals or capital values in the coming years.